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Quant Price Surges 16% Amid Crypto Market Downturn, Eyes Role in CBDC Design

Discover how Quant's unique interoperable ecosystem positions it as a key player in the development of Central Bank Digital Currencies (CBDCs), despite broader crypto market challenges.
Published on 2022-10-04

Quant Price Surges 16% Amid Crypto Market Downturn

The Quant Network’s QNT-USD coin has defied the crypto market slump, surging 16% in September and reaching nearly a 50% increase for the month. This growth stands out amid a gloomy period for many top cryptocurrencies. Currently priced at $141.51, QNT-USD has gained 6.33% in the last 24 hours, with a trading volume of $62,874,795.

Quant’s Role in CBDC Design

Quant’s unique position as a provider of an interoperable blockchain ecosystem makes it a potential cornerstone for Central Bank Digital Currencies (CBDCs). Experts believe its ability to connect public and private blockchains could be instrumental in designing CBDCs globally.

CEO Gilbert Verdian on the Future of Digital Assets

Gilbert Verdian, CEO of Quant Network, highlighted the natural evolution of technology and the operational efficiencies of tokenized money. He emphasized the exciting potential of programmable money coexisting with digital assets, viewing it as a win-win for all stakeholders.

Public Concerns Over CBDC Adoption

Despite the optimism, public fears persist about the potential for CBDCs to enable government surveillance and control. These concerns could impact adoption rates and public trust in digital currencies.

Whale Activity Reflects Investor Confidence

Data from crypto analytics firm Santiment shows that whales holding 100-1000 Quant coins have expanded their portfolios by 15.4% over the past five months. This suggests growing investor confidence in Quant’s future prospects.

Quant’s strong performance and strategic positioning in the blockchain ecosystem underscore its potential to shape the future of digital currencies, including CBDCs.

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